DGFT inserts enabling provisions related to the issue of scrips as notified by the Ministry of Textiles

Oct 07, 2020 | by Avantis RegTech Legal Research Team

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Finance & Taxation Compliance

The Directorate General of Foreign Trade (DGFT) on October 06, 2020 has done the addition of enabling provision related to the issue of scrips under the scheme of rebate of State Levies as notified by the Ministry of Textiles. 

The following amendments have been made: 

•Sub-para (d), which specifies the implementation of the scheme of rebate of State Levies by the Ministry of Textiles, has been inserted, namely: 

“Scheme for Rebate of State Levies (RoSL), as notified in para 6.3 of Ministry of Textiles Notification No. 14/26/2016-IT (Vol-II) dated March 07, 2019 and as amended vide Notification No. 12015/11/2020-TTP dated June 09, 2020 will be implemented by the DGFT in scrip mode, for which procedure will be laid down separately.”

[Notification No. S.O. 3470 (E)]

 

 


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